915-921 W Hamilton St, Allentown PA 18101 | 921 W Hamilton St
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915-921 W Hamilton St, Allentown PA 18101 921 W Hamilton St
18,124 SF 100% Leased Retail Building Allentown, PA 18101 $4,950,000 ($273/SF) 4.04% Cap Rate
Executive Summary
5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, or an office building or a mixed-use project. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$289,700
|
$15.98
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $289,700 |
| Annual Per SF | $15.98 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
18,124 SF
Building Class
C
Year Built
1900
Price
$4,950,000
Price Per SF
$273
Cap Rate
4.04%
NOI
$200,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.30
Land Acres
0.32 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
6 Spaces (0.33 Spaces per 1,000 SF Leased)
Frontage
30 FT on Hamilton St
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 549790703578-1 | Improvements Assessment | $307,100 (2024) |
| Land Assessment | $47,800 (2024) | Total Assessment | $354,900 (2024) |
PROPERTY TAXES
Parcel Number
549790703578-1
Land Assessment
$47,800 (2024)
Improvements Assessment
$307,100 (2024)
Total Assessment
$354,900 (2024)
-
Loren Keim -
CENTURY 21 Keim Realtors
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915-921 W Hamilton St, Allentown PA 18101 | 921 W Hamilton St
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